VISA Global Luxury Goods

VISA Global Industry

Luxury Goods

The global Luxury Goods industry, which includes high-end fashion and accessories, watches, jewellery, luggage, handbags, diamonds, gold, precious stones and priceless artworks to mention a few, has been on an upward climb reflecting the world’s growing taste for luxury goods. As of 2016, the industry is estimated to be worth 500 billion dollars. The supply chain imperatives of the Luxury Goods industry involve swift, direct, insured and secure transportation and storage to minimise risk of loss.